Overview
What is Rockford Symphony Orchestras Inc?
Rockford Symphony Orchestras Inc is a nonprofit organization dedicated to delivering captivating symphonic music experiences. Their primary aim is to enlighten, educate, and entertain through a diverse concert series each season. By leading in the creation of these performances, they contribute to the cultural richness of their community and beyond. The orchestra's mission is to inspire and engage audiences, fostering appreciation for symphonic music and its ability to touch the human spirit.
Official website here: www.rockfordsymphony.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Rockford Symphony Orchestras Inc has earned a solid Three-Star rating with an overall score of 87%, which is based entirely on its Accountability & Finance metrics. The organization demonstrates strong governance, as evidenced by its independent board structure, which consists of 100% independent members. Additionally, it has a comprehensive set of financial oversight measures, contributing to its favorable score in this category.
The nonprofit's financial management appears sound, with no material diversions of assets reported, and it maintains a low liabilities to assets ratio of 24.32%. Despite these strengths, the program expense ratio of 62.84% indicates that there may be room for improvement in allocating a larger portion of its expenses directly towards programmatic activities, which could enhance its impact.
Overall, Rockford Symphony Orchestras Inc showcases a commitment to accountability and transparency, with robust policies in place regarding conflict of interest and whistleblower protections. While it is performing well financially, focusing on increasing program expenditures could help further strengthen its operational effectiveness and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Rockford Symphony Orchestras Inc legitimate?
Rockford Symphony Orchestras Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockford Symphony Orchestras Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $79,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,206
For more financial information, click here
Official website here: www.rockfordsymphony.com
What is the mission statement of Rockford Symphony Orchestras Inc?
The Rockford Symphony Orchestras Inc is committed to leading in the creation of enriching musical experiences. Their mission is to enlighten, educate, and entertain through symphonic music by producing a series of concerts each season. The organization aims to engage audiences and foster a deep appreciation for music. Additionally, they may contribute to the community by providing educational programs or collaborating with local artists.
Official website here: www.rockfordsymphony.com
Who is the CEO of Rockford Symphony Orchestras Inc?
Julie Thomas is the Director of Rockford Symphony Orchestras Inc.
Official website here: www.rockfordsymphony.com
What is the revenue of Rockford Symphony Orchestras Inc?
Rockford Symphony Orchestras Inc's revenue in 2023 was $1,042,042.
Official website here: www.rockfordsymphony.com
Who are the executives of Rockford Symphony Orchestras Inc and what are their salaries?
The average compensation at Rockford Symphony Orchestras Inc during 2023 was $3,019. There are 201 employees and 75 volunteers at Rockford Symphony Orchestras Inc.
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Official website here: www.rockfordsymphony.com
Where can I find the form 990 for Rockford Symphony Orchestras Inc?
Rockford Symphony Orchestras Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rockfordsymphony.com
Learn more at the official website: www.rockfordsymphony.com
Mission Statement of Rockford Symphony Orchestras Inc
Rockford Symphony Orchestras Inc, committed to leading the realm of symphonic music, strives to craft a series of engaging concerts throughout each season. Their primary objective is to enlighten, educate, and entertain audiences through the power of symphony orchestra performances. By weaving together captivating melodies and thought-provoking compositions, this esteemed organization seeks to create a vibrant and immersive musical experience for all who attend their performances.
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Impact
October, 2024
The Rockford Symphony Orchestra enriches the community by producing a series of concerts each season, creating vibrant musical experiences that both enlighten and entertain. Through its commitment to symphonic music, the orchestra plays a pivotal role in the cultural landscape of Rockford, Illinois.
By offering diverse programming, the orchestra engages audiences of all ages, fostering a deeper appreciation for the arts. Educational initiatives further enhance its impact, providing opportunities for learning and discovery through music. The Rockford Symphony Orchestra not only entertains but also contributes to the overall cultural vitality and cohesion of the community, making it a vital asset in promoting the arts in the region.
This information is meant to be a general summary of Rockford Symphony Orchestras Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,312
- Program Service Revenue: $386,299
- Gross Receipts: $1,042,488
Assets and Liabilities:
- Total Assets: $831,768
- Total Liabilities: $202,361
- Net Assets: $629,407
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT SERIES
Revenue
$354,364
RSYO TUITION
Revenue
$31,935
Organization Details
Founding Year
1943
Phone
(815) 965-0049Principal Officer
Julie Thomas
Main Address
711 NORTH MAIN STREET, ROCKFORD, IL, 611036982
Website
www.rockfordsymphony.comNTEE Category
Code: A690 - Arts
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